Short Interest in Strategas Macro Momentum ETF (NYSEARCA:SAMM) Grows By 280.5%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,491 shares, an increase of 280.5% from the April 30th total of 1,706 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 3,591 shares, the short-interest ratio is presently 1.8 days.

Strategas Macro Momentum ETF Price Performance

NYSEARCA:SAMM traded up $0.10 during trading hours on Friday, hitting $33.31. 1,092 shares of the company were exchanged, compared to its average volume of 4,191. The stock has a market capitalization of $29.65 million, a price-to-earnings ratio of 22.18 and a beta of 0.91. Strategas Macro Momentum ETF has a 52-week low of $25.81 and a 52-week high of $33.31. The company’s 50 day moving average price is $31.19 and its 200-day moving average price is $30.74.

Strategas Macro Momentum ETF Company Profile

The Strategas Macro Momentum ETF (SAMM) is an exchange-traded fund that mostly invests in total market equity. The fund primarily invests in 20-50 US equities selected through a tactical, macro momentum approach that looks for strong technical, momentum, and relative strength characteristics. The actively managed fund aims for a more defensive posture when the indicators turn negative. SAMM was launched on Apr 3, 2024 and is issued by Strategas.